Towers Perrin
Encyclopedia
Towers Perrin was a professional services firm specialising in human resources
Human resources
Human resources is a term used to describe the individuals who make up the workforce of an organization, although it is also applied in labor economics to, for example, business sectors or even whole nations...

 and financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 consulting, which merged in January 2010 with Watson Wyatt to form Towers Watson
Towers Watson
Towers Watson is a global consulting firm. Its principal lines of business are risk management and human resource consulting. It also has strong actuarial, investment consulting, and reinsurance brokerage practices. The Towers Watson corporate offices are in New York, New York.Towers Watson was...

. The firm was a provider of reinsurance
Reinsurance
Reinsurance is insurance that is purchased by an insurance company from another insurance company as a means of risk management...

 intermediary services, and are active in the actuarial consulting arena with their Tillinghast
Tillinghast
Tillinghast was the world's largest actuarial practice focused on insurance and a unit of Towers Perrin specializing in risk management and actuarial consulting...

 insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 consulting practice.

History

On March 1, 1934, Towers, Perrin, Forster & Crosby opened for business in Philadelphia. In 1987, Towers Perrin was established as the umbrella name for the firm. On June 28, 2009, it was announced that Towers Perrin Forster & Crosby Inc and Watson Wyatt Worldwide
Watson Wyatt Worldwide
Watson Wyatt Worldwide, Inc. was a global consulting firm, which merged in January 2010 with Towers Perrin to form Towers Watson. The firm's services included managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension...

 (NYSE:WW) had agreed to merge into a new publicly traded company called Towers Watson
Towers Watson
Towers Watson is a global consulting firm. Its principal lines of business are risk management and human resource consulting. It also has strong actuarial, investment consulting, and reinsurance brokerage practices. The Towers Watson corporate offices are in New York, New York.Towers Watson was...

& Co; the merger was completed in January 2010.

Offices

Towers Perrin had offices and alliance partners in the United States, Canada, Europe, Asia, Latin America, South Africa, Australia and New Zealand.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
x
OK